Page:United States Statutes at Large Volume 115 Part 1.djvu/603

 PUBLIC LAW 107-68 —NOV. 12, 2001 115 STAT. 581 (b) AMOUNT OF PAYMENT. — The amount of payment required under a liquidated damages provision described in subsection (a) shall be equal to the product of— (1) the daily liquidated damage payment rate; and (2) the number of days by which the completion of the project is delayed. (c) DAILY LIQUIDATED DAMAGE PAYMENT RATE. — (1) IN GENERAL. —In subsection (b), the "daily liquidated damage payment rate" means— (A) $140, in the case of a contract with a value greater than $50,000 and less than $100,000; (B) $200, ifl^the case of a contract with a value equal to or greater than $100,000 and equal to or less than $500,000; and (C) the sum of $200 plus $50 for each $100,000 increment by which the value of the contract exceeds $500,000, in the case of a contract with a value greater than $500,000. (2) ADJUSTMENT IN RATE PERMITTED.— Notwithstanding paragraph (1), the daily liquidated damage pa5anent rate may be adjusted by the contracting officer involved to a rate greater or lesser than the rate described in such paragraph if the contracting officer makes a written determination that the rate described does not accurately reflect the anticipated damages which will be suffered by the United States as a result of the delay in the completion of the contract. (d) EFFECTIVE DATE.— This section shall apply with respect Applicability. to contracts entered into during fiscal year 2002 or siny succeeding fiscal year. SEC. 131. Notwithstanding any other provision of law: (1) sec- Applicability, tion 3709 of the Revised Statutes (41 U.S.C. 5) shall apply with 40 USC l62note. respect to purchases and contracts for the Architect of the Capitol as if the reference to "$25,000" in clause I of such section were a reference to "$100,000"; and (2) the Architect may procure services, equipment, and construction for security related projects in the most efficient manner he determines appropriate. SEC. 132. ACCOUNTING AND FINANCIAL MANAGEMENT SYSTEM. 40 USC 162 note. The Architect of the Capitol shall develop and maintain an accounting and financial management system, including financial reporting and internal controls, which— (1) complies with applicable federal accounting principles, standards, and requirements, and internal control standards; (2) complies with any other requirements applicable to such systems; and (3) provides for— (A) complete, reliable, consistent, and timely information which is prepared on a uniform basis and which is responsive to financisd information needs of the Architect of the Capitol; (B) the development and reporting of cost information; (C) the integration of accounting and budgeting information; and (D) the systematic measurement of performance. SEC. 133. (a) LIMITATION. — (1) Except as provided in paragraph (2), none of the funds provided by this Act or 2my other Act may be used by the Architect of the Capitol after the expiration of the 90-day period which begins on the date of the enactment of this Act to employ any individual as a temporary employee within

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